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The bidding is done using an e-bay style bidding where you only pay the 2nd price. For example, if the min bid was set to 28500, if the first person to bid set a bid for 29000, then if nobody else bids, they win it for 28500 still. If you come along and bid 28501, then they still have a higher bid than you (29000 > 28501), so they win the card, and they pay your bid (28501).
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